RE:A Good ShortYes these .19 corrections on our $ 9.00 stock are brutal but it's something we've had to live with since almost day one. It doubles then pulls back by 5 %, doubles again then pulls back
5 % and on and on and while I'd like to sell some and buy it back 5% cheaper I'm too frightened it will double again but this time without me.
Theoretically it's been a good short since about .20.
As you know Companies like this with no revenue and therefore no real fundamental support can't really justify any price higher than zero but here we are anyway.
When you short a stock like this you're betting that 3 drills turning in an area that has already produced some spectacular results won't be able to reproduce those again and that's a scary bet. It's only takes one more good hole to ruin your whole day.
How do you know they don't have good holes in inventory, waiting for additional holes that off set and confirm the first, the plan being to release a batch that demonstrates continuity of width and depth in one release.
Now that would be very scary and I think that's what's coming very soon !
gizard16 wrote: I thought this was a very good short. It's gone up way too fast on some mediocre results. Let;s just see how far down it goes. It seems they fall a lot quicker than they move up.